Two months back 3 of our friends started a private limited company now one of the friend(director) wants to resign his position and also return his share i.e 24 %. but we did not issues any share certificates. what is the procedure for removing him from board and return this shares etc?? please suggest
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Director resignation and share transfer
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Resigning director should give written resignation letter. if he is whole time director or MD formal acceptance of same by Board of Directors is required. File form no.32 with ROC
File DIR-12, not 32.
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